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Federico ‘Piki’ Lopez
MANILA, Philippines – The majority bloc of Lopez Inc. has withdrawn its earlier resolution removing Federico “Piki” Lopez as president and CEO, saying the move could pave the way for talks aimed at resolving the escalating family dispute.
In a statement issued on Thursday, the 71-percent Lopez majority led by Eugenio “Gabby” Lopez III said the board of Lopez Inc. voted that morning to withdraw its Feb. 27 resolution ousting Piki from the top post.
The group said the withdrawal opened “a window for discussions among the family members,” while the case remained pending before the Court of Appeals over the lifting of an injunction.
